MONACO, April 04, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the "Company") (NYSE:SB), an international provider of marine dry-bulk transportation services, announced today that it will host a special ceremony at the New York Stock Exchange honoring and promoting the Republic of Cyprus as worldwide business destination.   Mr. Polys Hajioannou, Chairman and CEO of Safe Bulkers, will be joined by H.E. Nikos Christodoulides, President of the Republic of Cyprus, along with members of Cypriot government, membe ...

MONACO, April 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company’s Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from January 30, 2025 to April 29, 2025;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeem ...

MONACO, March 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (“Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today it will participate in the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. During the forum, Safe Bulkers will be available for one-on-one meetings with institutional investors. The 19th Annual Capital Link International Shipping Forum is a leading event that  ...

MONACO, March 19, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. ("Safe Bulkers") (NYSE:SB), an international provider of marine drybulk transportation services, announced today it will participate in the 19th Annual Capital Link International Shipping Forum on Monday, March 31, 2025, at the Metropolitan Club in New York City. During the forum, Safe Bulkers will be available for one-on-one meetings with institutional investors. The 19th Annual Capital Link International Shipping Forum is a leading event that w ...

Core Insights - The 3rd Capital Link Cyprus Business Forum will take place on April 4, 2025, featuring keynote speakers including H.E. Nikos Christodoulides, President of the Republic of Cyprus [1][4] - The forum aims to enhance Cyprus's profile in the international investment community, focusing on its business and investment landscape [2][8] Event Overview - The forum is organized in collaboration with the Cyprus Union of Shipowners and supported by Invest Cyprus and the Deputy Shipping Ministry of the Republic of Cyprus [2] - It will address key topics such as security, energy, cyber technology, banking, finance, and shipping [3] Keynote Speakers and Agenda - Keynote remarks will be delivered by H.E. Nikos Christodoulides, with introductory remarks by Mr. Andreas Hadjiyiannis, CEO of Cyprus Sea Lines [4] - The event will conclude with the NYSE Closing Bell ceremony, featuring Mr. Polys Hajioannou, CEO of Safe Bulkers, Inc. [5][11] Economic Landscape - Cyprus is positioned as a major hub for financial services, energy, logistics, shipping, and technology, attracting global entrepreneurs and investors [6] - Recent credit rating upgrades indicate a stable and competitive economic environment, enhancing investor confidence [7] Strategic Positioning - The forum will provide insights into Cyprus's strategic role as a gateway for investment in Europe, the Middle East, and beyond [8] - Cyprus's competitive advantages include a robust maritime cluster, managing over 7% of the global fleet, and serving as a regional financial, insurance, and legal hub [9]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2025 SAFE BULKERS, INC. (Translation of registrant's name into English) Apt. D11, Les Acanthes 6, Avenue des Citronniers, MC98000 Monaco (Address of principal executive office) For ...

Core Viewpoint - Safe Bulkers, Inc. has filed its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission, which is accessible on the company's website [1] Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes for major users of these services [3] - The company's common stock and preferred stocks are listed on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D" respectively [3] Report Availability - Shareholders can request a hard copy of the 2024 Annual Report on Form 20-F free of charge through Capital Link [2]

Fleet and Vessels - As of February 28, 2025, Safe Bulkers operates a fleet of 46 vessels with an average age of 10.1 years and an aggregate capacity of 4.6 million deadweight tons (dwt) [25]. - The company has entered into agreements for the acquisition of seven newbuilds that meet IMO GHG Phase 3 and NOx Tier III standards, with deliveries scheduled for 2025 (1 vessel), 2026 (4 vessels), and 2027 (2 vessels) [25]. - As of February 28, 2025, 29 of the 46 owned vessels are deployed on period time charters of more than three months remaining term, indicating a reliance on longer-term contracts for revenue stability [37]. - As of February 28, 2025, the company had 46 vessels in its fleet with an average age of 10.1 years, including 12 vessels over 15 years old [123]. - The company has ordered 18 newbuilds with advanced energy efficiency characteristics, with a total capital expenditure exceeding $650 million [220]. - The company has sold or contracted to sell 14 vessels with total deadweight of 1.11 million tonnes for aggregate gross sale proceeds of $237.9 million [221]. - The company has acquired seven second-hand vessels with total deadweight of 0.97 million tonnes at an aggregate gross acquisition cost of $187.0 million [221]. - The company has completed environmental upgrades on 25 vessels, including low friction paints and energy-saving devices [222]. - The company has installed scrubbers on 21 vessels, including all eight Capesize class vessels, with total scrubber investments amounting to $57.7 million [223]. - The company has retrofitted its entire fleet with Ballast Water Treatment Systems (BWTS) as of February 28, 2025 [223]. - The company aims to reduce its environmental impact and increase sustainability through a two-fold strategy of fleet renewal and environmental upgrades [218]. - The company has 11 eco-ships built after 2014, which have superior energy efficiency characteristics compared to pre-2014 designs [220]. Market Conditions and Economic Factors - The Baltic Dry Index (BDI) experienced significant volatility, with a low of 715 and a high of 1,229 in 2025, reflecting ongoing market challenges [35]. - The drybulk shipping industry is characterized by cyclicality and volatility, with charter rates decreasing in 2023 and remaining volatile into 2025 [34]. - The market for drybulk shipping is influenced by external factors such as global economic conditions, supply and demand imbalances, and regulatory changes, making predictions difficult [38]. - The global drybulk trade is projected to grow by 2.8% in 2025 and 3.1% in 2026, primarily driven by iron ore and grain trades [43]. - China's economy, a major driver of the dry bulk market, is expected to grow at 4.6% in 2025 and 4.2% in 2026 [43]. - Global GDP growth is projected at 3.2% in 2025 and 3.4% in 2026, with inflation expected to normalize to 4.3% in 2025 [43]. - Political uncertainty and trade protectionism, particularly between the U.S. and China, could adversely affect charterers' businesses and, in turn, the company's financial condition and cash flows [104]. - Seasonal fluctuations in demand for marine drybulk transportation services can lead to quarter-to-quarter volatility in operating results, affecting the ability to pay dividends [105]. - The market for marine drybulk transportation is typically stronger in fall and spring months, influenced by seasonal consumption patterns and weather conditions [106]. Financial Performance and Risks - The company may encounter challenges in securing profitable period time charters as more vessels become available for employment, leading to potential cash flow volatility [37]. - A significant increase in the net supply of drybulk vessel capacity without corresponding demand could adversely affect charter rates and fleet utilization [44]. - The market value of drybulk vessels is highly volatile and can significantly decrease due to various factors, including aging and environmental regulations [45]. - The company was in compliance with its covenants in credit and loan facilities as of December 31, 2023, and December 31, 2024 [47]. - The company may face liquidity issues if conditions in the dry bulk market worsen, potentially leading to non-compliance with debt agreements [129]. - The aging fleet may result in increased operating costs and reduced desirability of older vessels, impacting overall profitability [128]. - The company may face challenges in securing financing due to the deterioration of global banking markets and increased interest rate margins [124]. - The company may have to enter the volatile spot market if key customers default on charters, which could significantly reduce revenues [109]. - The company's ability to renew charter contracts will depend on economic conditions and supply-demand dynamics in the shipping sector [112]. - The company may incur liabilities if it terminates or novates a vessel acquisition contract due to market conditions [118]. - The company’s growth strategy relies on expanding relationships with existing customers and acquiring new customers amid substantial competition [110]. Geopolitical and Environmental Risks - The company faces risks from geopolitical tensions, including the war between Russia and Ukraine and the conflict between Israel and Hamas, which could impact shipping routes and market conditions [32]. - The global maritime industry is experiencing a projected decline in coal demand, with a potential 25% drop by 2035 from 2023 levels, which could materially affect the company's revenues and financial condition [64]. - Environmental regulations and the shift towards renewable energy may lead to declining global coal demand, affecting freight volumes and charter rates [31]. - The company is implementing an ESG-based strategic pivot, including investments in environmentally advanced vessels and upgrades to existing fleet, to mitigate risks associated with declining coal demand [67]. - The adoption of maritime alternative fuels remains limited, posing risks to the company's ability to meet decarbonization targets and potentially increasing environmental costs from 2024 onwards [69]. - The company is utilizing various grades of biofuels to compensate for carbon-based penalties from 2025 until 2030, addressing the risk of limited availability of maritime alternative fuels [72]. - The projected decline in coal transportation demand may lead to significant depreciation in vessel values, impacting the company's ability to use vessels as collateral for loans [66]. - The company may incur additional compliance costs and operational disadvantages if it fails to adapt to evolving environmental regulations, affecting its competitiveness [70]. - The company has formed an ESG Committee consisting of six board members, four of whom are independent directors, to enhance governance oversight of its ESG strategy [75]. - Increased scrutiny from financial stakeholders regarding ESG policies may affect the company's access to capital and cost of capital [74]. - The company is subject to complex international regulations, which may increase operational costs and liabilities, potentially impacting financial condition [77]. Operational and Management Challenges - The company faces significant operational and financial risks due to labor market dynamics, including a limited supply of qualified crew, which could increase crew costs and adversely affect financial performance [53]. - The chief executive officer, Polys Hajioannou, is the largest shareholder, which may create potential conflicts of interest [39]. - The chief executive officer controls the Managers and owns approximately 45.96% of the outstanding Common Stock, potentially creating conflicts of interest [157]. - Management fees paid to Managers are €950 per vessel daily and an annual fee of €5 million, regardless of the company's profitability, which could adversely affect financial conditions [155]. - The company may face challenges in retaining key management personnel, which is crucial for executing business strategies and growth [159]. - Restrictive covenant agreements with the chief executive officer and affiliated entities may not be enforceable, potentially allowing competition against the company [160]. Shareholder and Dividend Information - The company intends to acquire seven environmentally advanced newbuild vessels scheduled for delivery between 2025 and 2027 [115]. - The company experienced a cash compensation of $8.1 million from a charterer for the early termination of a Capesize-class vessel charter [107]. - The company's ability to pay dividends is subject to various factors, including earnings, financial condition, and cash requirements, with no guarantee of future dividends [144][145]. - The laws of Liberia and the Marshall Islands restrict dividend payments to surplus or net profits, which may limit the company's ability to distribute dividends [147]. - The company relies on its subsidiaries to distribute funds for dividend payments, and any claims or actions against these subsidiaries could affect this ability [150]. - The ability to pay dividends on Preferred Shares is subject to various factors, including cash generated from operations and legal restrictions [196]. - The Company has authorized multiple share repurchase programs, with the latest in November 2024 for up to 5,000,000 shares of Common Stock [185]. - Future sales of Common Stock could lead to significant dilution for existing shareholders [176]. - The Company filed a Registration Statement on Form F-3 with the SEC in August 2024, but currently does not have an active at-the-market offering program [182]. - The Company terminated its ATM program on May 8, 2023, but may consider adopting a new program depending on market conditions [183]. - The share repurchase program authorized in March 2023 allowed for the repurchase of up to 10,000,000 shares of Common Stock, all of which have been repurchased and canceled [185]. - The Company has adopted a shareholders rights plan to protect against coercive takeover tactics, which could dilute shareholdings of potential acquirers [188]. - The Company may face delisting from the NYSE if its Common Stock falls below the continued listing standard of $1.00 per share [187].

Core Viewpoint - Safe Bulkers, Inc. has authorized a share repurchase program allowing the purchase of up to 3,000,000 shares of its common stock, representing approximately 2.8% of outstanding shares and 5.4% of public float [1][2]. Company Overview - Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in transporting bulk cargoes such as coal, grain, and iron ore along global shipping routes [3]. - The company's common stock, Series C preferred stock, and Series D preferred stock are listed on the NYSE under the symbols "SB," "SB.PR.C," and "SB.PR.D," respectively [3]. Share Repurchase Program Details - The share repurchase program does not obligate the company to purchase any shares and can be modified or terminated at any time without prior notice [2]. - Purchases will be conducted in the open market in compliance with applicable laws and regulations, specifically within the safe harbor provisions of Regulation 10b-18 under the Securities Exchange Act of 1934 [2]. - Funding for the repurchases will come from the company's existing cash resources [2].

Financial Data and Key Metrics Changes - The company reported adjusted EBITDA of $40.7 million for Q4 2024, down from $50.7 million in Q4 2023, indicating a decline in profitability [29] - Adjusted earnings per share for Q4 2024 were $0.15, compared to $0.25 in the same period of 2023 [29] - Net income for Q4 2024 was $19.4 million, a decrease from $27.6 million in Q4 2023 [31] Business Line Data and Key Metrics Changes - The charter market weakened in Q4 2024, impacting revenues and profitability, with average daily charter rates for Capes at $22,000 and Panamax at $9,000 [5][7] - The company operated an average of 45.9 vessels in Q4 2024, earning an average TCE of $16,521, compared to 45.93 vessels and an average TCE of $18,321 in Q4 2023 [31] Market Data and Key Metrics Changes - The Cape market segment has been declining throughout Q4 2024, with expectations of a softer trade market in the coming quarters due to supply growth outpacing demand [6][9] - Global dry market demand is forecasted to fall by 1% in 2025, with a subsequent growth of 2.5% in 2026, while minor bulks are expected to perform best [11] Company Strategy and Development Direction - The company is focused on capital allocation towards its new build program, improving operational efficiency, and enhancing its environmental footprint [5][20] - The fleet renewal strategy includes investments in older vessels and the acquisition of new eco-ships, aiming for a stable average fleet age [21][22] Management Comments on Operating Environment and Future Outlook - Management anticipates a relatively softer trade market due to increasing supply and emphasizes the importance of decarbonization and energy-efficient new builds [9][20] - The company maintains a strong capital structure with a leverage of about 35% and a liquidity position of approximately $276 million [5][28] Other Important Information - The company declared a dividend of $0.05 per share, rewarding common shareholders despite the challenging market conditions [5][31] - The fleet consists of 46 vessels, with 24 having undergone environmental upgrades, and the company has a significant contracted backlog of $205 million [24] Q&A Session Summary Question: Regarding the share buyback program - Management indicated that buyback programs are evaluated based on market conditions and may be paused if the trade market is weak [35][38] Question: On asset values in the current market - Management noted that older ships have seen a price drop of about 25%, while younger ships have dropped around 15%, but buying power may stabilize prices in the second half of the year [44][46]